Barnes & Noble drops Nook with GlowLight price to $99. New model on the way?

Barnes & Noble (s BKS) dropped the price of its front-lit e-reader, the Nook Simple Touch with GlowLight, to $99 on Sunday, from $119. This makes the Nook with GlowLight the only front-lit reader on the market under $99. Amazon’s Kindle (s AMZN) Paperwhite starts at $119 with ads, and the Kobo Glo is $129.99.

The price drop suggests that Barnes & Noble could be trying to clear out stock in advance of releasing a new model. The struggling bookstore chain recently announced that it will stop developing tablets in-house, but plans to continue manufacturing e-readers.